Disproportionate Assets Of OSIC MD Valued At Over Rs 5 Cr

Sat, 18 Feb 2017 11:02:05 IST

The Vigilance sleuths, who had conducted simultaneous raid on the official residence, private residence and the office of the IAS officer and managing director of Odisha Small Industries Corporation (OSIC), have unearthed his disproportionate movable and immovable assets to the tune of over Rs 5 crore.

Preliminary result of the search shows that Mishra is in possession of huge amount of movable and immovable properties.

The voluminous documents seized are under verification. It transpires from articles detected during the search that Mishra appears to be leading a luxurious life beyond his means.

Till now, three massive buildings one each at Puri, Bhubaneswar and Cuttack, whose value runs into more than Rs 2.5 crore, have been identified. Verification in respect of other immovable properties like lands etc. in his name is under process.

Apart from these high valued buildings, Mishra possesses a high-end City Honda Car, cost of which is more than Rs 11 lakh. Besides, he also possesses multiple bank accounts with deposit running into crores, the details of which under verification.

The extravagant life of Mishra is best personified by seizure of around 42 foreign branded perfumes and other foreign countries apart from many locals, 9 expensive watches of branded companies 52 pieces of jean pants of different costly brands, 73 pieces of branded shirts, 32 pieces of costly T-Shirts, 32 pieces of costly branded coats are found in his possession. The cost valuation of all such items is under way.

Further, some travel documents recovered from his possession reveals that Mishra has frequently visited foreign countries like USA, UK, Canada, Netherlands and spent a good amount of money on such trips, the valuation of which is under verification.

Also Read: IAS officer Partha Sarathi Mishra in Vigilance net

From the investigation far so made, the total cost of various properties is estimated to be more than Rs 5 crore approximately.